Lets see, GE dividend cut, hope for housing to get them out of the depression etc.. (second GE dividend cut, the first one in 1931) http://www.time.com/time/magazine/article/0,9171,849040,00.html lightly offsetting this gloom, some economists pointed to one sign that Recovery II might be just around the corner: Housing, white hope of 1938. at long last seemed to be bestirring itself. In May, home building east of the Rockies, as shown last week by the F. W. Dodge reports, topped both April and March levels. Though this could logically be laid to the weather, it was noteworthy that engineering contracts of $45,250,000 were 27% above the same week of 1937, shoving the 1938 total to date 7% ahead of last year. Here is another interesting article. About how to get the economy going by giving consumers purchasing power, maybe Obama and corporate US should read this. printed in Apr, 15 1939 "Had 20 billions in the several years prior to 1929 been distributed in the form of added wages and dividends who would spend them principally for consumption goods it is quite likely there would have been little unnecessary plant-extension construction, no excess bulding of stock prices to the breaking point and no resulting panic and depression" http://news.google.com/newspapers?id=FbcKAAAAIBAJ&sjid=T00DAAAAIBAJ&pg=6843,2373905 Near Panic on stock market. (oct 24, 1929) http://news.google.com/newspapers?id=4cgLAAAAIBAJ&sjid=BlUDAAAAIBAJ&pg=4339,3180432 http://www.time.com/time/magazine/article/0,9171,787517,00.html For so many months so many people had saved money and borrowed money and borrowed on their borrowings to possess themselves of the little pieces of paper by virtue of which they became partners in U. S. Industry. Now they were trying to get rid of them even more frantically than they had tried to get them. Stocks bought without reference to their earnings were being sold without reference to their dividends. At around noon there came the no-bid menace.